Big banks offer attractive mortgage loans for the 2021 holiday season


Many leading banks in India have revised their mortgage rates as the 2021 holiday season approaches. Banks like State Bank of India (SBI), HDFC, Punjab National Bank (PNB) , the Bank of Baroda (BoB) and Kotak Mahindra Bank have cut rates and launched offers to attract buyers and make home ownership more affordable.

With lower interest rates, the 2021 holiday season is a great time to qualify for a home loan and make the dream of owning a home come true. Here are the attractive loan rates offered by some major banks.

State Bank of India (SBI)

SBI attracts loan applicants with low interest rates of 6.70%. This regardless of the amount of the loan. SBI also announced a loan processing fee waiver.

While borrowers had to pay 7.15% interest earlier on loans over Rs 75 lakh, SBI reduced the interest rate to 6.70%. This means that those who benefit from home loan offers will be able to save thousands of rupees which should be paid in the form of interest with past rates.

National Bank of Punjab (PNB)

PNB offers a mortgage interest rate starting at 6.80%. PNB has also waived all service fees, processing fees, and documentation fees on retail products, including home loans, auto loans, personal loans, etc. PNB also offers a home loan supplement at a very low interest rate. The PNB offers will last until December 31, 2021.


HDFC home loans are available from 6.70% regardless of the loan amount or the borrower’s job category. The offer started from September 20, 2021. The rate will depend on the credit rating of the people applying for a loan. The closed plan can be used until October 31, 2021.

Kotak Mahindra Bank

The loan rates of the private lender Kotak Mahindra Bank have been revised from 6.65% to 6.50%. Kotak’s holiday season program will run from September 10 to November 8, 2021. According to Kotak Mahindra Bank, the special interest rate is “available for all loan amounts and is linked to the credit profile of a borrower ”.

Baroda Bank

Bank of Baroda has cut interest rates on home and auto loans from 7% to 6.75% for the holiday season. The bank also offers a loan processing fee waiver.

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